$EPIC /USDT Short Trade Setup
$EPIC /USDT is showing signs of exhaustion after failing to sustain above the 1.050 resistance level. The recent price action forming lower highs with decreasing momentum suggests a potential retracement is underway. Coupled with a low-volume bounce and rejection near the intraday high of 1.053, the current price zone around 1.028 could present an ideal short entry before another leg down.
Trade Setup Overview:
Entry Zone: 1.028–1.035
Stop Loss: 1.070 (above local resistance and previous high)
Take Profit Targets:
Target 1: 0.985 (retest of the daily low)
Target 2: 0.950 (psychological support and previous bounce zone)
Target 3: 0.905 (strong horizontal support from historical levels)
Technical Breakdown:
1. Trend Context: The pair is trading below the local high of 1.053, forming a descending channel on the lower timeframes (15m–1h), with failed bullish continuation patterns. Short-term bias has shifted bearish after losing strength above 1.030.
2. Volume Analysis: Volume peaked on the spike toward 1.053 and has since been declining, indicating buyer fatigue. Sellers are gradually stepping in below the 1.040–1.030 range, supporting a potential drop.
3. Indicators:
RSI (15m & 1h) is moving below the midline, showing a bearish divergence.
MACD shows a bearish crossover on the 1h chart.
Price is hugging the lower Bollinger Band on the 1h, signaling increased downside volatility.
4. Risk-Reward Profile:
Risk (SL at 1.070): ~4%
Reward (TP3 at 0.905): ~12%+
This gives a 3:1+ risk-reward ratio on a successful breakdown.
Trade Strategy Summary:
This EPIC/USDT short setup is built on the weakness observed near resistance and the rejection of higher levels. If price fails to reclaim the 1.050–1.070 zone with strength, bears are likely to push toward the key support levels below. Traders can manage the position by securing partial profits at Target 1 and Target 2, while trailing
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